Frequently Asked Questions

What is the best age to file for Social Security?The right age depends on your health, life expectancy, income needs and whether you’re still working. You can start as early as 62, but your monthly benefit will be reduced. If you wait until your full retirement age (between 66 and 67, depending on your birth year), you’ll receive your full benefit. Delaying past your full retirement age up to age 70 increases your benefit by about 8% per year.

How do I maximize my Social Security benefits?Working longer and delaying benefits are the two most effective ways. Your benefit is based on your highest 35 years of earnings, so additional years of higher income can replace lower‑earning years. If you can wait to claim until your full retirement age or later, you’ll lock in a higher monthly check. Married couples should coordinate their claiming strategies to optimize survivor benefits.

What factors affect the right filing age?Several factors matter: your current health, family longevity, whether you plan to keep working, your savings and other retirement income sources. If you expect a longer‑than‑average lifespan or have other assets to draw on, waiting can make sense. If you need the income right away or have health issues, starting earlier might be better. A personalized plan will weigh these variables.

How does the Florida Retirement System (FRS) impact Social Security?FRS pension benefits are separate from Social Security. You can receive both, and they don’t directly reduce each other. However, your FRS pension should be considered when deciding when to claim Social Security because the combination of your pension and Social Security will determine your overall retirement income and may affect tax planning.

Can someone review my retirement plan for free?Yes. We offer a complimentary retirement planning session that includes an analysis of your Social Security strategy, pension options and overall retirement readiness. During this session, you’ll receive personalized recommendations tailored to your goals and financial situation.